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Prepare kingbird inc journal entries to record the sale

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Reference no: EM132743928

Question: Kingbird, Inc. owns equipment that cost $63,300 when purchased on January 1, 2017. It has been depreciated using the straight-line method based on an estimated salvage value of $5,100 and an estimated useful life of 5 years.

Prepare Kingbird, Inc.'s journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g.125. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132743928

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